254 1st St E - Residential LAND FOR SALE


Sonoma, CA 95476 85,378 SF
$4,600,000 USD
415-526-7649
254 1st St E, Sonoma, CA for Sale
$4,600,000 USD
Residential LAND - FOR SALE
1/27
85,378 SF

254 1st St E
Sonoma, CA 95476


HIGHLIGHTS

  • A premier location offering a 31 unit Luxury residential condominium project.
  • Strong residential market fundamentals
  • Demand from young professionals and seniors prioritizing quality of life; looking for well designed living spaces or pied-a-terre
  • First infill new construction within 3-blocks of the Sonoma Plaza in decades.
  • The immediate neighborhood and community as a whole have embraced the project.
  • Site currently underdeveloped with office/warehouse uses and raw land.

OVERVIEW

Back on the market! An exceptional opportunity to develop approximately 2 acres in downtown Sonoma. Take advantage of California's new density laws (SB 76) to create a project from the ground up, or bring the currently entitled development to completion. Demolition and grading permits are already in hand, providing a significant head start. Ideally situated in the heart of Wine Country, this highly desirable Eastside location is entitled for 31 luxury condominium residences just steps from the historic Sonoma Plaza. Create a new standard of luxury living in one of Sonoma's most sought-after neighborhoods. Nestled alongside Depot Park and Sonoma City Trail, the property offers a peaceful retreat just steps from world-renowned restaurants, acclaimed wine-tasting rooms, boutique shopping, and some of California's most significant historic landmarks. The approved project includes a thoughtfully designed mix of residences: twenty (20) approximately 850-square-foot one-bedroom, one-and-a-half-bath units; two (2) approximately 800-square-foot affordable one-bedroom, one-bath units; four (4) approximately 1,211-square-foot two-bedroom, two-bath units; and five (5) approximately 1,857-square-foot two-bedroom, two-bath penthouse-style residences featuring third-floor view terraces. Future residents will enjoy a resort-inspired pool, outdoor gathering spaces, and a preserved Oak grove, all within easy access to Sonoma's renowned attractions, recreational amenities, and vibrant downtown lifestyle. This is a rare opportunity to deliver a premier residential community in one of Northern California's most iconic destinations. This parcel could also be ideal for an owner user. The possibilities are endless.

FOR SALE DETAILS

PRICE

$4,600,000 USD

PRICE/ACRE

$2,346,939/AC

PRICE/SF

$54 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Commercial, Apartment Units - Condo

LAND ACRES

1.96 AC

LAND SF

85,378 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas

ZONING

MX

APN/PARCEL ID

018-131-018

ASK ABOUT THIS PROPERTY

Haden OngaroNewmarkMore Info
415-526-7649

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Haden OngaroNewmarkMore Info
415-526-7649

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.